True North Energy (TNEN) Expands Opportunity Pool

True North Energy Corp. (“True North”) (TNEN) is pleased to announce that it plans to segregate its existing overriding royalty interests (ORRIs) in the Cook Inlet and Beaufort Sea areas of Alaska and northwest true northColorado, into a new subsidiary and plans to pursue additional acquisitions, funding permitting. In addition, the company has established a wholly-owned Hong Kong subsidiary, Marco Capital Limited. Headquartered in Hong Kong, Marco Capital Limited is planned to explore emerging market, including China, opportunities in various industries. CEO Gilbert Steedley states, “This investment diversification is in the best interest of the shareholders as it exposes the company to a wide range of opportunities. We feel very confident these strategic moves and continuation of our business plan, funding permitting, will allow us to increase shareholder value.”

About True North Energy Corporation
Traditionally, True North Energy Corporation has been engaged in the identification, acquisition and development of oil and gas properties and holds overriding royalty interests on properties located in Alaska and Colorado. True North is headquartered in Spring, Texas with a wholly-owned Hong Kong subsidiary. For further information about True North, please visit www.tnencorp.com.

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